Hong Kong govt hands out HK$1.5 billion support to retailers
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More than HK$1.5 billion (US$193.5 million) in subsidies have been approved so far for eligible retailers under the Hong Kong government’s Retail Sector Subsidy Scheme.
The scheme is the first round of the administration’s Anti-epidemic Fund, involving more than 19,000 applications. Roughly 93,000 applications were received within the three-week application period, and disbursement of subsidies to approved applicants commenced on April 9.
“The government has been striving to speed up the implementation of the measures under the fund,” said chief secretary for administration and chairman of the Anti-epidemic Fund Steering Committee Matthew Cheung Kin-chung.
“We were able to launch the RSSS within one month after the Legislative Council approved the setting up of the fund, providing timely relief to retailers hit by the epidemic.”
The government’s Subsidy Scheme for Beauty Parlours, Massage Establishments, and Party Rooms are expected to be open for application early next month.
Questions & Answers
Q.How many applications were received in total for the Retail Sector Subsidy Scheme?
How many applications were received in total for the Retail Sector Subsidy Scheme?
Roughly 93,000 applications were received for the Retail Sector Subsidy Scheme within the three-week application period.
Q.When did the disbursement of subsidies to approved applicants begin?
When did the disbursement of subsidies to approved applicants begin?
Disbursement of subsidies to approved applicants under the Retail Sector Subsidy Scheme commenced on April 9.
Q.Which other subsidy schemes does the government plan to open for applications soon?
Which other subsidy schemes does the government plan to open for applications soon?
The government's Subsidy Scheme for Beauty Parlours, Massage Establishments, and Party Rooms are expected to be open for application early next month.
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